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FAQ: Shelfie-Tech Ltd. $1.7 Million Private Placement and Company Overview
TL;DR
Shelfie-Tech Ltd. raised $1.7 million to fund R&D and acquisitions, potentially gaining an edge in retail inventory management technology.
Shelfie-Tech issued 1,179,990 shares at $1.44 each, paying $135,934 in finders fees, with proceeds allocated to R&D, acquisitions, and working capital.
Shelfie-Tech's robotic shelf monitoring system helps retailers reduce waste and improve efficiency, contributing to better inventory management and resource utilization.
Shelfie-Tech uses machine learning and image processing in a robotic system to automatically optimize shelf inventory for grocery stores.
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Shelfie-Tech Ltd. has closed a non-brokered private placement, raising $1,699,185 through the issuance of 1,179,990 common shares at $1.44 per share.
The proceeds will support research and development, potential synergetic acquisitions, and working capital for the company.
The company trades under CSE: SHLF and OTCQB: SHLFF.
Shelfie-Tech is a technology company focused on providing shelf inventory management solutions for large grocery stores and supermarkets, using a robotic retail shelf monitoring system with proprietary software that utilizes machine learning and image processing algorithms.
The company paid $135,934 in finders fees in accordance with applicable securities laws and Canadian Securities Exchange policies.
Yes, the shares are subject to a four-month hold period under Canadian securities laws.
The latest news and updates relating to SHLFF are available in the company's newsroom at https://ibn.fm/SHLFF.
The article was disseminated by TechMediaWire on behalf of Shelfie-Tech Ltd. and may include paid advertising, as noted at the beginning of the content.
TechMediaWire is a specialized communications platform within the Dynamic Brand Portfolio @ IBN that provides wire solutions, article syndication, press release enhancement, social media distribution, and corporate communications solutions for technology companies.
Curated from InvestorBrandNetwork (IBN)
